LIVE FUTURES REPORT 11/12: LME nickel price climbs by 3% despite fresh inflows; copper breaches $6,150/t

Nickel gained more than 3% on the London Metal Exchange on Wednesday December 11, closing at a two-week high.

The three-month nickel price ended official trading at $13,850 per tonne, up by more than $400 per tonne from Tuesday’s closing price of $13,405 per tonne. Volumes were higher - turnover exceeded 10,000 lots for the first time since October. The metal has shrugged off inflows of more than 28,000 tonnes into LME-registered warehouses across Europe, Asia and North America this week. Tuesday’s inflow was the largest one-day increase since...

Published

Hassan Butt

December 11, 2019

17:46 GMT

London